Coinbase CEO Says Bitcoin Has Bottomed, Sees Two-Year Uptrend

Bitcoin investors are watching for the end of the latest market correction and the catalyst for another sustained rally. Coinbase Chief Executive Brian Armstrong says clearer US rules could accelerate institutional participation and bring digital assets further into mainstream finance. The division of oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission remains central to that transition, as the industry seeks predictable standards for trading, custody and token classification.

Armstrong recently said Bitcoin’s corrective cycle was nearing an end and forecast that the cryptocurrency could reach $400,000 by 2030. He also expressed confidence that the US Digital Asset Market Clarity Act could advance through the Senate, while praising efforts by the SEC and CFTC to establish a clearer regulatory framework. Passage of the legislation, he argued, could strengthen investor confidence and help ignite the next crypto bull market.

Bitcoin has fallen about 50% from its all-time high of more than $126,000 in October 2025 as the market searches for the bottom of the current bear cycle. Citing bitcoin's historical four-year cycles, Coinbase CEO Brian Armstrong said $60,000 could provide support. But a halt in the decline would not necessarily signal a recovery in demand, with ETF flows and the macroeconomic backdrop still determining whether any rebound can be sustained.

Bitcoin fell as low as $59,743 on June 5, slipping below $60,000 for the first time since 2024, before recovering to above $66,000 by June 15. Armstrong said that day that the market may have bottomed. CryptoQuant estimated bitcoin's realized price at about $53,600 and said spot ETFs recorded net inflows on just one day between May 14 and June 10, with cumulative outflows exceeding $4.8 billion, indicating that demand had yet to stabilize.